Hitachi posts smaller-than-expected loss

TOKYO (MarketWatch) -- Hitachi Ltd.
6501, +0.80%HIT, +0.00%
on Thursday reported a smaller-than-expected second-quarter net loss of 48.1 billion yen ($532 million). That was wider than the net loss of 17.4 billion yen it saw a year ago, but the company was expected to see a loss of 59.99 billion yen for the second quarter, according to a mean estimate of brokers polled by Thomson Reuters. Revenue was down 19% in the quarter to 2.2 trillion yen compared with a year ago. For the full fiscal year, Hitachi said it's looking for a net loss of 220 billion yen. That matched the estimate it gave on Monday, when it cut its loss forecast down from 260 billion.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.